Ch.8 · Dividend and STT Taxation · medium
How does a mutual fund distributor's commission income get taxed?
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EXPLANATION
Mutual fund distributor commission is income from business or profession (if the distributor operates as an individual/entity). It is added to total income and taxed at applicable slab rates. AMCs deduct TDS at 5% under Section 194H on commissions exceeding ₹15,000 in a financial year. GST at 18% is also applicable on commission income above the GST registration threshold (₹20 lakh).
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